Well I'm on mobile, so I can't really elaborate a lot, but I do think it's a little bit more central to the case than you imply. This was a european country's s

Well I'm on mobile, so I can't really elaborate a lot, but I do think it's a little bit more central to the case than you imply. This was a european country's sovereign debt, so default risk was expected to be very low, and there has been financial information manipulation, and in those cases people do not just default, but might be also prosecuted. This is a complicated scenario, so simplifying definitions to make a point can end up biasing the result a lot. If it's your chain of reasoning, great; but if you publish it, it's best if you strive to be as complete and transparent as possible: https://news.ycombinator.com/item?id=9996843 https://news.ycombinator.com/item?id=9996843